After adjusting for MSR fair-value changes, impairments and non-recurring costs, Walter still records a huge bottom-line loss due to lower revenue and higher costs. As readers will recall, I pitched Walter in January as a buying opportunity with a binary outcome – either the stock becomes a multi-bagger or stagnates and heads towards bankruptcy.
Rising interest rates took a toll on mortgage prepayments in January. Black Knight Financial Services said the pre-payment rate was down 29.83 percent compared to December. Foreclosure News
A Windham Superior Court judge has issued a decree of foreclosure on the Hermitage Club's Sawmill Inn property in West Dover. Foreclosure News
ABA Journal Daily News
Gloria Turano thought she'd be living on Skillman Avenue when she died, in the ranch home her late husband Louis built for them in 1953. She never wanted to leave it, and the decades of memories of raising a family it holds for her. Foreclosure News
The owners of two Watertown apartment complexes and another in the village of Clayton plan to move forward with $ 6 million in renovations after arranging for a refinancing package with a new lender. Owners Michael J. Uccellini and Garry Kearns closed on a more than $ 30 million refinancing package on Friday for Truscott…
